«NAIRIT» ENTERPRISE TO BE SOLD TO UKRAINIAN AND INDIAN COMPANIES BY END OF YEAR

The representatives of Ukrainian «Inter-Contact» company and Indian «Ranstat Group» firm will arrive in Yerevan to sign an agreement on privatization of «Nairit» chemical enterprise. According to «Arminfo», Ukrainians and Indians have agreed to introduce a joint project of «Nairit» recovery. The investors undertake to introduce a business-plan on development of chloroprene rubber production at the enterprise and only after its approval, the government will sign the agreement on privatization. The declared authorized capital stock of «Nairit» is 12.6 billion drams. «Inter-Contact» has promised to pay 6.6 billion drams of the sum and «Ranstat Group» has promised to pay 6 billion drams.